CORFAC International Adds Affiliates in Mexico and Colombia

Published 10:00 AM ET Mon, 22 Sept 2014
Globe Newswire

FALLS CHURCH, Va., Sept. 22, 2014 (GLOBE NEWSWIRE) -- CORFAC International (www.corfac.com) President Robert Tillsley, SIOR, today announced that commercial real estate firms from Mexico and Colombia have joined CORFAC International as new affiliates in the Americas.

Citius Capital (www.citiuscapital.com) has its corporate office in San Pedro, Mexico. Miguel Cavazos, SIOR, CCIM, Dario Villarreal, SIOR, CCIM, Antonio Cano, SIOR, and John Best, SIOR, are the principals with the firm. Citius Capital specializes in industrial and office brokerage services for end users, investors and developers, including site selection, buyer/tenant representation, construction supervision, marketing services and buy/sell transaction management.

Co-founder Cavazos is the Chief Managing Partner responsible for Northeast Mexico, while co-founder Villarreal is the Managing Partner in charge of Central Mexico. Cano is the Managing Partner responsible for Northwest Mexico, and Best is based in Cd. Juarez.

The firm has seven offices with plans to open an eighth – in Mexico City, next year. Citius principals estimate that approximately 20% of their business originates in Mexico, a third in North American, a third from Asia, and 10% from Europe, mostly from the automotive industry.

Citius Capital has extensive experience in lease, sale and build-to-suit (BTS) transactions and has represented Danone, Bell Helicopter, Johnson Control, Polaris and the Japanese firms, Mitsubishi Electric and Toyota Tsusho, in development deals from 120,000 square feet to 440,000 square feet in Mexico.

Instrumentos & Valores Inmobiliarios (IVI), (www.iviglobalres.com) is based on Bogota, Colombia, and provides commercial real estate services throughout Colombia, as well as Costa Rica, Puerto Rico and the Dominican Republic. Its partners have more than 30 years of experience in real estate services.

IVI's local and international knowledge and their experience in development, sales and promotion makes them one of the most solid and reliable guides in the markets in which they participate.

IVI has a wide range of clients from Real Estate Investment Trusts to corporations and high-net-worth individuals. They have developed hotels and multifamily projects and have participated in the sale of special-purpose real estate such as hospitals and industrial plants.

Build-to-suit (BTS) developments are becoming increasingly popular in Colombia as the economy continues to grow year-after-year and a broader, consumer-based economy emerges. This economic growth drives demand for more manufacturing, production, warehouse and distribution facilities in the marketplace. Not surprisingly, nearly half of the current real estate activity is in and around the capital, Bogota, reports IVI President Eduardo Lara.